Who sets up 'Base Rate' for Banks?
a. Individual Banks Board
b. Interest Rate Commission of India
c. RBI
d. None of the above
ANSWER: RBI
Explanation:
Base Rate is the rate below which no Bank can allow their lending to anyone.
a. Individual Banks Board
b. Interest Rate Commission of India
c. RBI
d. None of the above
ANSWER: RBI
Explanation:
Base Rate is the rate below which no Bank can allow their lending to anyone.
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